Question: Please explain the solution to this general accounting problem using the correct accounting principles. Birch Manufacturing, which applies manufacturing overhead on the basis of direct

Please explain the solution to this general accounting problem using the correct accounting principles.

Birch Manufacturing, which applies manufacturing overhead on the basis of direct labor hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead: $315,000 Estimated direct labor hours: 10,500 Actual manufacturing overhead: $320,000 Actual direct labor hours: 10,800 The overhead for the year was: a. $6,000 overapplied b. $5,000 underapplied c. 56,000 underapplied d. $4,000 overapplied

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